Twitter Board Unanimously Urges Shareholders to Approve Musk’s Buyout Offer
Twitter’s board has issued a unanimous recommendation that shareholders approve Elon Musk’s $44 billion bid to buy the social media platform, regulatory filings show.
In a preliminary proxy statement filed with the Securities and Exchange Commission (SEC) on June 21 addressed to Twitter stockholders (pdf), the company’s board says it “unanimously recommends” that shareholders vote in favor of approving a merger agreement that would see a company controlled by Musk take ownership of Twitter.
“If the merger is completed, you will be entitled to receive $54.20 in cash, without interest and subject to any applicable withholding taxes, for each share of our common stock that you own,” the board said in the filing….
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